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Holista Colltech Limited ( (AU:HCT) ) just unveiled an announcement.
Holista Colltech Limited has successfully resolved its regulatory issues with ASIC by completing a $900K penalty payment. The company raised $1.53 million through convertible notes to settle this penalty and support working capital. Despite facing increased manufacturing costs and cash flow challenges, Holista recorded $1.9 million in customer receipts and $1.8 million in group sales, largely driven by its Dietary Supplements Division. The company is now focused on corporate recovery, stabilizing operations, and strengthening its financial position.
More about Holista Colltech Limited
Holista Colltech Limited operates in the health and wellness industry, focusing on dietary supplements, food ingredients, and ovine collagen. The company is known for its leadership in the dietary supplements segment and is exploring opportunities in infection control and agriculture-related businesses.
YTD Price Performance: 340.0%
Average Trading Volume: 218,253
Technical Sentiment Signal: Sell
Current Market Cap: A$12.57M
Learn more about HCT stock on TipRanks’ Stock Analysis page.